Skip to main content

What is Microeconomics ?|What is Macroeconomics ?|What is Normative Economics ?|What is Economy ?|Centrally planned Economy

 What is Microeconomics ?|What is Macroeconomics ?|What is Normative Economics ?|What is Economy ?|Centrally planned  Economy



              What is Economics ?

 Economics is the science of human behavior which is concerned with the distribution of limited resources in such a way that consumers can maximize their satisfaction,producers can maximize their profits and societies can  maximize their social welfare.

        How many types of  Economics ?

 There are two types of economics.

i) Microeconomics

ii) Macroeconomics 

             What is Microeconomics ?

Microeconomics studies the economic activities of only one economic unit.

            What is Macroeconomics ?  

In the macroeconomic ,relationship or economic problems are studied at the level of the economy as a whole.

           What is real Economic ?

Real economics deals with past, present and future economic issues.

Real economics is concerned with the statement of what ,was what is and will happen.

         What is Normative Economics ?

Normative economic is concerned with the views of economists on economic issues or economic problems.

The statement of Normative economic is related to 'what should be'.

               What is Economy ?

Economy is the system thought which the people of region earn their livelihood.

     How many types of Economy ?

i) Centrally planned  Economy

ii) Market  Economy

iii) Mixed Economy

           Centrally planned  Economy

There are economic where the government or a central authority has complete control over economic activities.

                Market Economy

These are economies where economic activities are controlled by market forces.

              Mixed Economy 

These are economies where economic activities activities are controlled by market force,yet they are regulated by the government.

Labels:

Popular posts from this blog

Concepts of Cost|What is meant by cost?|What is meant by explicit cost ?|What are the types of total cost ?|What is meant by average cost ?

Concepts of Cost|What is meant by cost?|What is meant by explicit cost ?|What are the types of total cost ?|What is meant by average cost ?              What is meant by cost ? cost is the total expenditure incurred in a producing a commodity.                  Type of cost i) Explicit Cost ii) implicit cost iii) Opportunity cost iv) Total cost V) Average cost vi) Marginal Cost            What is meant by explicit cost ? Explicit cost means that which is incurred on the resources that a firm acquires from outside.           What is meant by implicit cost ? Implicit cost means that all inputs are not bought in the market.  The producer also uses proprietary habits in the production process.  this is called implicit cost       What is meant by opportunity cost ? The opportunity cost of producing a good is the quantity of ...
Click me»

एक अर्थव्यवस्था की केंदीय समस्याएँ|आर्थिक समस्या क्या हैं ?|Central Problems of an economy

 एक अर्थव्यवस्था की केंदीय समस्याएँ आर्थिक समस्या क्या हैं ? आर्थिक समस्या असीमित आवश्यकताओं की संतुष्टि हेतु वैकल्पिक उपयोग वाले सीमित संसाधनों के चयन की समस्या है। आर्थिक समस्या के करण क्या हैं ?  i ) असीमित आवश्यकताएँ  ii ) सिमित/दुर्लभ सधन  iii ) वैकल्पिक प्रयोग                                    असीमित आवश्यकताएँ  मनुष्य की आवश्यकताएँ असीमित होती हैं। कोई भी मनुष्य अपनी सभी आवश्यकताओं को पूर्ण रूप से संतुष्ट नहीं कर सकता है। किसी समाज के सभी सदस्यों की आवश्यकताओं को किसी निश्चित समय में पूर्ण से संतुष्ट नहीं किया जा सकता।                                       सिमित/दुर्लभ सधन  मानवीय आवश्यकताओं को संतुष्ट करने वाली अधिकतर वस्तुएँ तथा सेवाएँ सिमित होती हैं। इन वस्तुओं को  दुर्लभ इसलिए कहा जाता है क्यूँकि इनकी माँग इनकी पूर्ति से...
Click me»

Theory of Demand|What is meaning of demand ?|What are the types of demand schedule ?|What is meaning by demand curve ?|How many types of demand function ?

Theory of Demand|What is meaning  of demand ?|What are the types of demand schedule ?|What is meaning by demand curve ?|How many types of demand function ?           What is meaning  by demand ? Demand refers to the different possible quantities of a command that a consumer is ready to buy at different possible  prices of that commodity.     What is meaning by demand schedule ? A demand schedule is a table that shows the different quantities of a commodity purchased quantities of a commodity purchased at different prices.   What are the types of demand schedule ? i) Individual Demand Schedule  ii) Market Demand Schedule                    Individual Demand Schedule  Individual Demand Schedule  means the demand schedule of an individual consumer in the market.                       Market Demand Schedule...
Click me»